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Yuh vs Swissquote 2024 – Best Broker in 2024

Baptiste Wicht | Updated: |

(Disclosure: Some of the links below may be affiliate links)

In Switzerland, Yuh and Swissquote are two popular brokers. Yuh and Swissquote both use the same trading system provided by Swissquote. And Yuh is owned 50% by Swissquote, the other 50% being held by PostFinance.

Since they are both popular and use the same system, I thought it would be interesting to compare them. Therefore, this article will compare Yuh vs Swissquote in detail. I will review their fees, features, and pros and cons. By the end of this article, you will know which broker you should choose based on your needs.

Swissquote

Swissquote is a large and well-established broker. It is among the biggest brokers in Switzerland and provides many services.

As a broker, Swissquote provides many features and access to many investing instruments, as we will see later.

Swissquote was founded in 1996 and has over 700 employees as of 2023. It is a very well-established broker and has a good reputation.

Swissquote itself has a banking license so that it can store your money directly. They currently have several hundreds of thousands of users.

Yuh

Yuh is a joint venture by Swissquote and PostFinance. Both companies own 50% of Yuh. And Yuh (like PostFinance) uses the trading backend provided by Swissquote. So, there will be some similarities between Yuh and Swissquote.

Yuh is a recent product. It started in May 2021, and the service has grown very quickly since then.

Yuh is not only a broker app but also a bank app. They are trying to be one app for all your finances. For that, they currently have a broker account and a bank account. But they plan to expand onto third pillars as well.

Yuh aims to make investing very easy and available to all. As a result, they are relatively limited in terms of features for the sake of making everything simpler.

However, Yuh does not have a banking license. They rely on Swissquote for the banking and trading part.

Features – Yuh vs Swissquote

Winner: Swissquote

We start with a comparison of the features of Yuh vs Swissquote. As I mentioned before, Yuh is also a bank account, so they have some banking features, but I want to focus on the investing features of both companies.

Also, both brokers have some cryptocurrency features, but I will only discuss the stock market in this comparison of Yuh vs Swissquote.

They are very different on this side. Swissquote has a web application and a mobile application, while Yuh only has a mobile application.

Swissquote provides stock market order types such as market orders, limit orders, stop orders, and trailing orders. On the other hand, Yuh only provides market orders. This is generally fine for most people since market orders work well for most trades. However, I think limited orders would be an important addition for Yuh. There are cases where limit orders are handy.

One significant difference is that Yuh limits access to some stocks and ETFs. They pick a list of stocks and funds each investor can access. The idea is that they do not want their users to be overwhelmed by the vast choice of most brokers. On the other hand, Swissquote will provide you access to thousands of ETFs and stocks.

One advantage of Yuh over Swissquote is that Yuh allows fractional trading. Yuh even allows fractional trading for Swiss stocks, which is rare in Switzerland. Swissquote does not have any option for fractional trading.

An interesting feature of Swissquote is the ability to transfer shares to and from another broker. This makes it more flexible if you want to change brokers later. On the other hand, Yuh does not offer. This means that you will have to sell all your positions if you want to change from Yuh to another broker.

Finally, Yuh only offers access to stocks, while Swissquote also provides access to bonds, futures, and options. This may be an issue for some investors, but in most cases, investors should have enough.

Overall, Swissquote has many more features than Yuh. On the other hand, Yuh may be simpler to use because users will not be overwhelmed by the number of features and instruments they can access. Nevertheless, I think that Yuh is currently a little too limited.

Fees – Yuh vs Swissquote

Draw

When you are investing in the stock market, fees are extremely important. This is the primary way investors can optimize for returns by not giving away fortunes in fees.

Custody fees are very important because you will pay these fees regardless of the operations you do in your account. I strongly recommend avoiding custody fees that are a percentage of your funds because this will quickly get out of hand.

Yuh has no custody fee. Swissquote will charge you a 0.025% custody fee per quarter (0.10% per year). But there is a minimum of 20 CHF per quarter and a maximum of 50 CHF per quarter. On top of that, Swissquote charges a 0.03% yearly fee on assets above 1’000’000 CHF.

Both brokers charge a 0.95% currency conversion fee. This fee is automatically charged when you buy (or sell) a security in another currency. For instance, if you buy shares in an American company, you will pay this fee. This fee is significant, but there is no winner since they both use the same fees. I just wish that both of them would lower this fee.

We can now look at prices for buying and selling stocks. Yuh and Swissquote charge very different fees and use very different systems for fees.

Yuh’s system is extremely simple. You will pay 0.50% of the total transaction, with a minimum of 1 CHF.

At Swissquote, you pay different fees based on the stock exchange and the value of the transaction. For instance, here are the fees for the Swiss Stock Exchange (SWX):

  • 0 – 500: 5 CHF
  • 500.01 – 1000: 10 CHF
  • 1000.01 – 2000: 20 CHF
  • 2000.01 – 10’000: 30 CHF
  • 10’000.01 – 15’000: 55 CHF
  • 15’000.01 – 25’000: 80 CHF
  • 25’000.01 – 50’000: 135 CHF
  • From 50’000.01: 190 CHF

And here are the fees for American stock exchanges (NYSE or Nasdaq):

  • 0 – 500: 5 USD
  • 500.01 – 1000: 10 USD
  • 1000.01 – 2000: 20 USD
  • 2000.01 – 10’000: 30 USD
  • 10’000.01 – 15’000: 55 USD
  • 15’000.01 – 25’000: 80 USD
  • 25’000.01 – 50’000: 135 USD
  • From 50’000.01: 190 USD

Finally, you can also trade some ETFs for a flat fee of 9 CHF. But this only includes ETFs listed on the Swiss Stock Exchange, and the list is pretty limited.

Here is a comparison of the fees for operations on Swiss Stocks:

Yuh vs Swissquote - Buy shares of a Swiss stock
Yuh vs Swissquote – Buy shares of a Swiss stock

For small operations, Yuh can be significantly cheaper than Swissquote. However, for large operations of more than 6000 CHF, Yuh becomes more expensive than Swissquote.

For completeness, we can also show the same for US stock:

Yuh vs Swissquote - Buy shares of a US stock
Yuh vs Swissquote – Buy shares of a US stock

Since the fees are the same but in USD, the graph is the same as the previous one.

Finally, we look at the comparison for an ETF that is part of the ETF Leaders of Swissquote:

Yuh vs Swissquote - Buy shares of a Swiss ETF
Yuh vs Swissquote – Buy shares of a Swiss ETF

Once again, Yuh is cheaper for small operations, but the threshold is smaller. Starting at 1800 CHF, Yuh becomes more expensive than Swissquote. And if you trade very large operations on Swiss ETFs, Swissquote can be much cheaper than Yuh.

Overall, in terms of fees, it is easy to compare both. If you are doing extensive operations, Swissquote will be cheaper than Yuh. However, Yuh can be significantly more affordable for small operations than Swissquote.

If you often trade Swiss ETF (on the Swissquote ETF Leaders list), Swissquote may be significantly cheaper. But again, only if you are doing large enough operations.

On top of that, we should not forget that Swissquote has a custody fee while Yuh does not.

So, it all boils down to the size of your operations. If you regularly trade more than 6000 CHF (or USD) in one operation or more than 2000 CHF on an ETF Leader, you should opt for Swissquote. Otherwise, Yuh will be cheaper.

Safety

Draw

When investing, you will likely trust a significant amount of money from the broker. Therefore, you need good safety for these assets.

The comparison is quite simple since Yuh uses Swissquote to custody the shares and the cash.

Therefore, the safety of both brokers is precisely the same. Your cash is protected up to 100’000 CHF.

And your securities are held in custody accounts in your name. In case of bankruptcy, your securities should be safe, and you can get them back during the bankruptcy procedure. It may take some time, but this should be safe.

Reputation

Winner: Swissquote

Finally, we look at the reputation of Yuh vs Swissquote.

While it is not a perfect source of trust, Trustpilot is an excellent place to find reviews of many services.

On Trustpilot, Yuh receives a 2.6 out of 5, while Swissquote receives a 3.6 out of 5. At first glance, it seems that Yuh has a poorer reputation than Swissquote.

When we look at bad reviews of Yuh, we see many interesting things. Many complain because they get too many questions when some money arrives in the account, even for selling things online. Many people also complain that getting out of the bank is very compliant and process-heavy. Some people also complain about the difficulty of joining customer services. Finally, we also get many complaints about canceled orders.

It is interesting to note that I also got several similar complaints about Yuh from my readers.

On the positive side, people are pretty happy about the service’s ease of use. And we also get some positive feedback about the customer service.

On Swissquote’s side, the negative reviews are mainly about the high fees. Some people also complain about the difficulty of accessing customer service. Finally, people also say using the web interface is complex.

On the plus side, we get many reviews about the bank’s security and safety. Many reviews also mention the much lower fees than traditional banks.

Overall, it seems that Swissquote has a significantly better reputation than Yuh. Some of the technical issues reported by users of Yuh are slightly worrying to me.

Yuh vs Swissquote Summary

Winner: Swissquote

We can summarize our Yuh vs Swissquote comparison with a short comparison table:

Great to start investing
Best Swiss Broker
Yuh
4.0
4.5
No custody fees
Very affordable
  • Swiss broker
  • Very easy to use
  • Low fees for small operations
  • Fractional trading in stocks
  • Swiss broker
  • Many investing instruments
  • Access to US ETFs
  • Good reputation
  • Expensive for large operations
  • Limited number of stocks and ETFs
  • Expensive for small operations
  • Not very easy to get started
Great to start investing
Yuh
4.0
No custody fees
  • Swiss broker
  • Very easy to use
  • Low fees for small operations
  • Fractional trading in stocks
  • Expensive for large operations
  • Limited number of stocks and ETFs
Best Swiss Broker
4.5
Very affordable
  • Swiss broker
  • Many investing instruments
  • Access to US ETFs
  • Good reputation
  • Expensive for small operations
  • Not very easy to get started

Finally, we can summarize Yuh vs Swissquote in a few points:

  • Yuh is easier to use than Swissquote.
  • Swissquote is cheaper for very large transactions.
  • Yuh is cheaper for small to medium transactions.
  • Swissquote has many more options for trading.
  • Swissquote has significant custody fees (Yuh has none).
  • Both brokers use the same trading system.
  • Both brokers offer the same security.
  • Yuh seems to have more technical issues than Swissquote.
  • Swissquote gets better reviews from its customers.

Conclusion

Overall, both Yuh and Swissquote are interesting brokers. They both have advantages and disadvantages.

Overall, I prefer Swissquote over Yuh because Swissquote offers me access to the entire stock market, not only a subset.

That said, Yuh is a good broker for people starting in the stock market who want a simple experience. Swissquote is excellent for advanced investors who invest large sums of money.

As far as Swiss brokers are concerned, Yuh and Swissquote are two great Swiss brokers. You can take a look at the best Swiss brokers.

However, they cannot compare well when we compare against foreign brokers. If you are ready to use a foreign broker, Interactive Brokers is a great choice. You can read my review of Interactive Brokers for more detail.

What about you? Which do you prefer, Yuh or Swissquote?

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Baptiste Wicht started thepoorswiss.com in 2017. He realized that he was falling into the trap of lifestyle inflation. He decided to cut his expenses and increase his income. This blog is relating his story and findings. Since 2019, he has been saving more than 50% of his income. He made it a goal to reach Financial Independence. You can send Mr. The Poor Swiss a message here.

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12 thoughts on “Yuh vs Swissquote 2024 – Best Broker in 2024”

  1. Could you please disclose the financial incentives you receive from the various parties featured in your web? It would provide for transparency and would clarify conflicts of interest you may have, by bringing some supplier ahead of the list…

  2. I used Yuh for a while but moved away in the end to Cornertrader (to keep some investment money in CHF close and faster to access) and IB (for larger investment in USD) – both with smaller fees.

    Some noteworthy things to keep in mind re Yuh:

    CONS:
    1) Support service can be unpleasant, misleading & slow (the last part seems rather common).
    My account was blocked for > 1w and the initial responses I got were not useful and didn’t point to the cause of the blockage (missing some info in my account) and required multiple calls to figure out with multi-day delays to unblock account. At the wrong time this can lead to significant opportunity loss. I couldn’t transfer my money after sale to IB because of that during a bull’s week missing ~10% increase on what I wanted to buy.
    2) They don’t support stock transfer – problematic when one wants to change broker, which can lead to high spread/losses due to delays (see #1)
    3) The prices they show are outdated, and can lead to bad calls and surprises with market orders (you already mentioned lack of limit orders, which is pretty bad). In particular they lack info from overnight trades which can be significant.

    PROS:
    4) Fast access to money after sell, can be used for payments quickly and conveniently (e.g. TWINT), no need for international transfers (compared to IB)
    5) They seem quick and dedicated to add new features (e.g. TWINT), and improving the app. Also were very quick to increase interest rates, which are pretty good (not sure how they compare to Swissquote)

    1. Thanks for sharing your experience!

      The lack of stock transfer is indeed significant, I should emphasize that more. And I am starting to hear more and more about blocked accounts. This is concerning.

      How outdated are stocks? Stocks are usually outdated by 15 minutes unless you pay for real time in most brokers. It should not be an issue for most traders. And active traders should probably avoid Yuh.

      1. Re blockage: Arguably it was my fault, cause I didn’t follow-up earlier on a warning that I need to provide answers to some questions. But when I first checked I couldn’t find where I can add the answers, and clarification with support took time (first person who answered the phone claimed it’s a problem on their side and I can’t do anything just wait a bit…)

        Re delay: Maybe it’s indeed 15min, hard to say. But my impression was that even different views had different staleness – for example the charts, and the gain summary on the page showing different stocks. And the most problematic for me was that it ignored overnight trades. But even IBRK doesn’t show it in all views.

        In any case I didn’t find it reliable, and not just for very active traders, but those who want to make an operation once in a while (e.g. close a position to use the money). There’s too much chance for a significant opportunity loss (e.g. missing the fact that stock just went significantly down/up in overnight, so it may be better to wait). For very basic investments maybe it’s not a deal breaker, but at some point folks may be surprised what they get back.

        And I agree with all the points you made – regarding naming, etc.

      2. Thanks for coming back with more info!

        If support is not able to help in such a case, it’s sad. It should be obvious for them why a person was blocked.

        In any case, you are right that if you don’t find a broker reliable, you should not use it!

      3. To be fair, IBKR blocked my deposits multiple times and took a while to unblock them, even though the reason was the same on a few occasions and I couldn’t do anything to avoid it. The 2nd time they even required much more info to unblock, and put my whole account into investigation. So other brokers can also be annoying.

        Sometimes one can get into trouble because of complexity of the rules, lack of good UI that makes it easy to understand the right way to do sth, or technical limitations on the side of the other brokers/banks. I suspect in most cases it’s not really clients fault, and false positives for money laundering protection based blockages are high.

      4. Sorry to hear that, I have never had any issue with deposits.

        Any automated system will have false positives that will need to be fixed by the support, but it would be great if they made is faster!

    1. Hi,

      Interesting, I have not heard about this service before. It looks interesting and a little different to other robo advisors.
      I will try to write a review about them, but it will likely take time given my current schedule.

      Thanks for sharing!

  3. Hi Baptiste, thanks for this comparison. I just wanted to add my experience with Yuh (I haven’t tried Swissquote). I tried Yuh a few months ago and closed it shortly thereafter. The reason for me was that it appears to charge additional fees through the stock price applied at the moment of the transaction, on top of the fees you already mentioned. For instance, when you have stocks from a Swiss company whose current stock price is at 100 CHF, and you want to buy some more, they will be priced at 101 CHF (not exactly, just an example). At the very same time, if you want to sell what you have, it will offer you 99 CHF. In addition, it will charge you the exchange fees. For me this lack of transparency was a big red flag. We could check how this works with Swissquote but other brokers are much more transparent. There is always a slight gap between the current market buying and selling price, but usually it’s minimal. In Yuh the difference is rather substantial. Maybe you can confirm if you still have an open account with them?

    1. Hi Tamas,

      What you are describing is the spread (difference between buy and sell).
      It would be interesting to know whether the spread is bigger on Yuh than on Swissquote. Usually the spread should be small for companies that are traded with a high volume and large for companies with little volume.
      I will try to find out whether they have a higher spread than others.

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